7 Rules For Creating Wealth - Part 3 | Andrew Giancola (MU Classic)
Millionaire University
Target Returns and Financing Business Purchases
Justin asks about target returns; Andrew seeks 25%+ and explains leverage via SBA loans and seller financing.
#608 We’re wrapping up our three-part series on the Seven Rules for Creating Wealth with Andrew Giancola of The Personal Finance Podcast! In this final episode, Justin and Andrew dive into the power of entrepreneurial opportunities, whether starting a side hustle, buying a business, or scaling an existing one. Andrew shares his journey into business acquisition, including how he grew a thriving pickleball business, and breaks down the numbers behind smart business investments. Plus, they discuss the final (and most important) rule — using money as a tool to create a fulfilling life. If you haven’t listened to Parts 1 and 2, go back and check them out, and don’t forget to share this series with someone who needs it!
(Original Air Date - 3/6/25)
What we discuss with Andrew:
+ Entrepreneurial opportunities for wealth-building
+ Buying vs. starting a business
+ Andrew’s pickleball business success story
+ Finding businesses for sale online and off-market
+ Business financing with seller financing & SBA loans
+ Side hustles before quitting your job
+ Passive income for financial freedom
+ Smart spending as a skill
+ Wealth as a tool for a great life
+ Abundance mindset for success
Thank you, Andrew!
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